Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    498 Harlow Rd Springfield, OR 97477

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Medical/Dental/Office suite available with on-site parking.

    Type:Office
    Property size:
    2,150 SF
    Added:
    Oct 17, 2019
    Days on Market:
    2370
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 498 Harlow Rd

    General Information

    Standard status
    Active
    Size
    2,150 SF
    Property subtype
    Office

    Spaces For Lease

    at 498 Harlow Rd Contact us

    Suite 4 $2 /Mo

    Size
    2,150 SF
    Type
    Office
    $5,000.00 per month, modified gross
    Contact us

    We can help!

    Listing Contact
    Jeff Elder

    Listing agent Jeff Elder License #OR

    Listing office Evans, Elder Brown & Seubert

    Listing date Oct 17, 2019

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Evans, Elder Brown & Seubert

    Overview

    Springfield Office Space for Rent

    Approximately 2,150 square feet of medical, dental, or office space is available for rent. The suite includes three restrooms and on-site parking. The monthly rent is $5,000 on a modified gross lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Smiles4Oregon | Dr. John ... Dental Office Mountain Stream Dental Dental Office Statewide Dental Services ... Dental Office Blissful Portable Toilets ... Building Supply Inman Jennifer Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Emergency Veterinary Hospital — 1821 Pioneer Pkwy E, Springfield, OR 97477
    • Q Street Animal Hospital — 235 Q St, Springfield, OR 97477
    • Keri Swanson, DVM — 235 Q St, Springfield, OR 97477
    • Petco Vaccination Clinic — 3000 Gateway St STE 220, Springfield, OR 97477
    • Oregon Veterinary Referral Associates — 215 Q St, Springfield, OR 97477

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Lane
    State
    Oregon
    Longitude
    -123.033084
    Latitude
    44.0711661

    Nearby Similar for Lease

    • $1.70/mo

      Retail/Office Space with Storefront Windows

      End-cap retail/office space with natural light and private restroom.
      2315 & 2321 Olympic Street, Springfield, OR 97477
      View Details
    • $0.75/mo

      Flex Space with Fenced Yard

      Flex space featuring showroom, office, and loading doors.
      697 S 34th St, Springfield, OR
      View Details
    • Contact for pricing

      Springfield Shopping Center Retail Space

      Retail spaces available in a busy Springfield shopping center.
      4223 Main Street, Springfield, OR 97478
      View Details
    • $29/mo

      Retail Space on Gateway Street

      Retail space with high visibility and traffic on Gateway Street.
      3111 Gateway St, Springfield, OR
      View Details
    • $16/mo

      Springfield Office Space Available

      Office space available for lease in Springfield, Oregon.
      1717 Centennial Blvd, Springfield, OR
      View Details
    • $15/mo

      Springfield Office Space Available

      Office space available for lease in Springfield, Oregon.
      530 C St, Springfield, OR
      View Details
    • $1.41/mo

      Office Space Available For Rent

      Office space for lease with on-site parking.
      1090 Gateway Loop, Springfield, OR
      View Details
    • $16/mo

      Springfield Office Space Available

      Office space available for lease in Springfield, Oregon.
      1110 18th St, Springfield, OR
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      Medical office space available on PeaceHealth Sacred Heart campus.
      3355 Riverbend Drive, Springfield, OR, 97477
      View Details
    • $18/mo

      Spacious Office Space Available

      Large office space along I-5 corridor with ample parking.
      555 International Way, Springfield, OR
      View Details
    • $12/mo

      Retail Space in Springfield, Oregon

      Retail space available for lease in Springfield, Oregon.
      240 Main St, Springfield, OR
      View Details
    • Contact for pricing

      Retail Space in Gateway Area

      Retail suites available in Springfield near major retailers.
      2760-3000 Gateway St, Springfield, OR
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical/Dental/Office suite available with on-site parking.
    Where is this medical office space located?
    The property is located at 498 Harlow Rd Springfield, OR.
    What are key features of this property?
    This property features: Approximately 2,150 square feet of available space; Suitable for Medical, Dental, or Office use; On‑site parking available
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Elder
    Real Estate License ID: OR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!